Banco BBVA Argentina (BBAR) reported a 44.6% sequential increase in its second-quarter inflation-adjusted net income. Net income reached AR$131.6 billion.
Stable operating income, strict cost controls, and a lower inflation environment drove this performance. The bank's quarterly Return on Equity improved to 12.2%.
The bank reported revenue of $630.29 million. This figure missed analyst expectations by over 17%.
Asset quality deteriorated. The non-performing loan (NPL) ratio rose to 6.09%. This was up from 5.60% in the previous quarter.
The bank maintained a capital ratio of 18.8%.